Parking Ticket

The history of SAC's rise as it became one of the biggest and most successful hedge funds and its subsequent fall, punctuated by the settlement on Monday, is part of a larger story of how the industry has evolved since the 1980s, when insider trading charges were treated with the seriousness of a parking ticket.

Was the reporter who wrote this article even alive in the 1980s? Was the editor who moved the article along even alive in the 1980s?

Here is a New York Times headline from December 19, 1987: "Boesky sentenced to 3 years in jail in insider scandal."

Here is a New York Times headline from 1989: "'Junk Bond' Leader Is Indicted by U.S. In Criminal Action."

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